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12907 Panama City Beach Pkwy, Panama City Beach, FL
Medical Office Space
Property Size2,500 SF
Lot Size2.52 Acres
Price / SF$170
Days on Market778
Property Features for 12907 Panama City Beach Pkwy
General Information
Standard status
Active
Size
2,500 SF
Lot size
2.52 Acres
Property subtype
LAND
Listing Agency:
NAI TALCOR | Panama City Beach
(850) 814-5878
Listed By:
Patrick Jones
(850) 814-5878
Source:
Moodyscre
Added: Jun 24, 2024
Changed: Aug 8
Last Checked: Aug 9 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI TALCOR | Panama City Beach
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in the heart of Panama City Beach with HIGH VISIBILITY (275' frontage on Panama City Beach Parkway).
- Customize the 2,500 SF second‑floor medical office space to tenant specifications.
- Tenant Improvement Allowance of $20.00 per square foot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,959
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$699,180
$699.2K
Cap Rate 7%
$499,414
$499.4K
Cap Rate 9%
$388,433
$388.4K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.1K $26.04/SF
− Vacancy
−$6.8K −$2.73/SF
EGI
$58.3K $23.31/SF
− OpEx
−$23.3K −$9.32/SF
NOI
$35.0K $13.98/SF
Area
Bay County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$699,180
Cap Rate 7%
$499,414
Cap Rate 9%
$388,433
Alternative Uses
Best Use
Office B
$600.5K
$525.5K – $700.6K
NOI $42,036 @ 7.0% cap · market cap 9.89%
Second Best
Healthcare Medical
$499.4K
$437.0K – $582.7K
NOI $34,959 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$728.4K
$637.4K – $849.8K
NOI $50,989 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this medical office space located?
The property is located at 12907 Panama City Beach Pkwy Panama City Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location in the heart of Panama City Beach with HIGH VISIBILITY (275' frontage on Panama City Beach Parkway).; Customize the 2,500 SF second‑floor medical office space to tenant specifications.; Tenant Improvement Allowance of $20.00 per square foot.
